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Hello I need help with the following questions? Question 1: Which of the following statements is incorrect. O a. As income increases, aggregate consumption incraeses.
Hello I need help with the following questions?
Question 1:
Which of the following statements is incorrect. O a. As income increases, aggregate consumption incraeses. O b. Expectations of increase in future income decreases aggregate consumption. 0 c. As wealth decreases, aggregate consumption decreases. Q d. An expected increase in future taxes decreases aggregate consumption. Which of the following statements is correct for US economy? 0 a. exports depend on the GDP of US, imports depend on the GDP of other countries. 0 b. exports depend on the GDP of US and other countries. 0 c. imports depend on the GDP of US and other countries. 0 d. exports depend on the GDP of other countries, imports depend on US GDP. Which of the following statements is correct? O a. Investment depends positively on GDP and negatively on interest rate. O b. Investment depends on GDP only. 0 c. Investment depends negatively on GDP and negatively on interest rate. Q d. Investment depends positively on GDP and positively on interest rateStep by Step Solution
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